Does people actually know that transaction fees over the Bitcoin network has been cheaper than their favorite alts recently? Okay every Ethereum user is probably aware of this but how about those Doge fanatics? It takes 1-2 Doge to send a transaction which is more or less $0.50 to $1 based on current price. Even the BSC network has been congested lately and standard gas price went up to 9 Gwei from the previous 5 but I read that some people had to add more spending over $1 for their transactions not to be rejected.
Earlier today, I was able to send BTC at 3 sats/vbyte but I know the fee went even lower than that. That's less than $0.50. It's already back up to $4 but my point is that some people are probably still stuck to the notion that BTC transfers are always expensive. They don't realize they are spending more on their altcoins.
Yes this is absolutely shocking. I saw this just a couple of days ago and was surprised to see that Bitcoin fees has gone way down. I think it's due to some recent difficulty adjustment but looks like btc is handling the scaling issue pretty nicely and that also despite such a high price. If this would have been something during the bear run fees would have looked even lesser it's just 6-10 sats/byte for a good and swift transaction. Ether on the other hand has really shocked everyone. Fees is terrible these days due to network congestion and Uniswap fees is even higher.